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A game theoretic model of the relationship between prices and waiting times
1Department of Economics, University of New Brunswick, Fredericton, New Brunswick, Canada E3B 5A3. mikefarn@unb.ca
Issue:
The role of prices charged to patients as a policy instrument for altering waiting times.
Method:
A game theoretic model is used to examine the determinants of waiting times.
Results:
Under certain circumstances an increase in the price charged to patients at some institutions will lower the waiting times at all institutions.
Conclusions:
The results provide a set of policy implications and testable predictions that arise under a certain set of assumptions. Alternative assumptions as well as the policy implications and testable predictions associated with them are also examined.
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